You have been recently appointed as Finance Director and have been tasked with analyzing a proposed project. The Board needs your help in making the 'goo-go' decision. To show how much value is created or added to the firm, you would apply the approach of Select) Perform the related calculations to arrive at a result of $ Select) which will support your decision to Select) the project Data developed for the proposed project ($ 000s) -600 Project's initial outlay Cash flow years 1.8 Cash flow year 9 70 155 Required return on project based on risk 18% You completed the analytical work (using the data shown below; same as in the previous problem) and arrived at a conclusion regarding the project. You also made a recommendation to the Board. Explain your reasoning for making the recommendation to the Board. Data developed for the proposed project (5000s) Project's initial outlay -600 Cash flow years 1 - 8 Cash flow year 9 70 155 Required return on project based 18% on risk